Question

5) On Friday Zippen Industries stock closes at $26.93. The Zippen Industries 5.500% Convertible debenture maturing February 4 please fill in the blank clearly and do not round until the end. thank you!
0 0
Add a comment Improve this question Transcribed image text
Answer #1

it is given debenture will be called at 110.875

value of $1000 bond will be:

110.875 x 10 = 1108.75

Add a comment
Know the answer?
Add Answer to:
please fill in the blank clearly and do not round until the end. thank you! 5)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • show steps please, thank you. On December 31, 2017, Dow Steel Corporation had 600,000 shares of...

    show steps please, thank you. On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill...

  • Please help this is for a grade! Thank you Fixed-income securities consist of debt instruments and...

    Please help this is for a grade! Thank you Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date. The entity that promises to make the interest and maturity payments for a bond issue is called the Based on the information given in the following statement, answer the questions that follow: In July 2009, Hungary successfully issued 1 billion euros...

  • Please clearly label the answers. Thank you 39. Completion of a work sheet, preparation of statements,...

    Please clearly label the answers. Thank you 39. Completion of a work sheet, preparation of statements, adjusting and closing entries (LG 2, 4-7) Following is the trial balance of Orange Company on December 31, 2011, the end of the fiscal year: 256 = Acct. Account Title No. Edep exp 101 Cash Accounts Receivable 130 Merchandise Inventory 136 A Store Supplies 165 Store Equipment 166 E Accumulated Depreciation-Store Equipment 201 L Accounts Payable 202 Notes Payable (due 2012) 231 C Unearned...

  • please I need this, step by step with formulas, avoid using excel. CASE 33 Security Software,...

    please I need this, step by step with formulas, avoid using excel. CASE 33 Security Software, Inc. communication in a highly secure and efficient process. The Market Security Software, Inc. (SSI) was a major provider of application software. The firm was proud to be the number two company in the enterprise firewall market. Firewalls ensure network Security for businesses by determining whether to approve or deny access to corporate networks and applications. They have security software that inspects com- munication...

  • Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions...

    Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT